| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SPECTRUM BENEFITS LLC3 | 721 3 MILE RD NW STE 150 GRAND RAPIDS, MI 49544 | DELTA DENTAL OF MICHIGAN | $5K | — | $5K | 4.72% |
| SPECTRUM BENEFITS LLC3 | 721 THREE MILE ROAD NW SUITE 150 GRAND RAPIDS, MI 49544 | DEARBORN LIFE INSURANCE COMPANY | $9K | — | $9K | 12.41% |
| TGG3 Filed as: TGG INC. | 588 3 MILE ROAD NW SUITE 101 GRAND RAPIDS, MI 49544 | DEARBORN LIFE INSURANCE COMPANY | $138 | — | $138 | 0.19% |
| SPECTRUM BENEFITS LLC3 Filed as: SPECTRUM BENEFITS | 721 THREE MILE ROAD GRAND RAPIDS, MI 49544 | EYEMED | $2K | — | $2K | 9.93% |
No Schedule C service providers reported on this filing.
Benefits declared on the Form 5500 main form (✓ = also has a Schedule A insurance contract; otherwise the benefit is funded out of plan assets or via a Schedule C TPA).
The plan reports several different headcounts depending on which form you read. Each one measures a different slice of the population.
| Active participants | 205 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 2 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 207 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | DELTA DENTAL OF MICHIGAN | 350 | $113K |
| Vision | EYEMED | 311 | $19K |
| Life insurance | DEARBORN LIFE INSURANCE COMPANY | 233 | $74K |
| Other | DEARBORN LIFE INSURANCE COMPANY | 233 | $74K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 350 | — |
Why the numbers differ. Form 5500 line 6 counts employees + retirees + beneficiaries; no dependents. Schedule A persons-covered counts everyone enrolled, including spouses and children, so it usually exceeds line 6 by 30-60% on a working-age workforce. The medical row is normally the broadest single line because it has the highest take-up; dental/vision/life often dip below it. Stop-loss / reinsurance contracts sometimes report the carrier's full underwriting pool rather than this filer's headcount; the row is shown for transparency but shouldn't be read as "people in this plan."
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.